SEARS INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn
Swick & Foti, LLC Investigates Sears Holdings Corporation Following
Disclosure of $400 Million Short Term Loan with CEO’s Affiliated Company

September 19, 2014 10:06 PM Eastern Daylight Time

NEW ORLEANS--(EON: Enhanced Online News)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a
partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces
that KSF has commenced an investigation into Sears Holdings Corporation
(NMS: SHLD).

On September 15, 2014, Sears disclosed that the Company had entered into
a $400 million secured short-term loan with affiliates of Sears CEO
Edward Lampert and his hedge fund, ESL Investments (“ESL”). Lampert is
the sole stockholder of ESL Investments, which controls more than 24.8%
of Sears’s common stock, while Lampert himself controls an additional
23.7% of Sears’s common stock. The loan is secured by 25 undisclosed
Sears properties as collateral, and gives Lampert the option to swap out
less valuable stores.

On this news, the price of Sears’s shares plummeted by over 11%.

KSF’s investigation is focusing on whether Sears and/or its officers and
directors violated state or federal securities laws.

If you are a Sears shareholder that has suffered losses related to your
investment or have information that would assist KSF in its
investigation, you may, without obligation or cost to you, call
toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com).

About Kahn Swick & Foti, LLC

KSF, whose partners include the Former Louisiana Attorney General
Charles C. Foti, Jr., is a law firm focused on securities class action
and shareholder derivative litigation with offices in New York,
California and Louisiana. KSF's lawyers have significant experience
litigating complex securities class actions nationwide on behalf of both
institutional and individual shareholders.

NEW ORLEANS--(EON: Enhanced Online News)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has c... more »

NEW ORLEANS--(EON: Enhanced Online News)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has c... more »